Franklin Master Intermediate Income Trust
PIM
54 hedge funds and large institutions have $53.6M invested in Franklin Master Intermediate Income Trust in 2019 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 13 increasing their positions, 11 reducing their positions, and 4 closing their positions.
100% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 4
18% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 11
8% more funds holding
Funds holding: 50 → 54 (+4)
0% more capital invested
Capital invested by funds: $53.5M → $53.6M (+$87.1K)
0.04% more ownership
Funds ownership: 22.43% → 22.47% (+0.04%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$3.88M |
| 2 |
TA
TCG Advisors
Austin,
Texas
|
+$2.21M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$271K |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$163K |
| 5 |
AGM
Alpine Global Management
New York
|
+$110K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1CP
1607 Capital Partners
Richmond,
Virginia
|
-$5.46M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$611K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$342K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$314K |
| 5 |
PM
Penbrook Management
New York
|
-$145K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
BlackRock
New York
| $2K | – | – | – |
|
|
GWM
52
Geneos Wealth Management
Englewood,
Colorado
| $1K | – | – | – |
|
|
1CP
53
1607 Capital Partners
Richmond,
Virginia
| – | -$5.46M | -1,190,634 | Closed |
|
54
Cambridge Investment Research Advisors
Fairfield,
Iowa
| – | -$66K | -14,447 | Closed |
|
|
CWA
55
Clarus Wealth Advisors
Peoria,
Arizona
| – | -$7K | -1,476 | Closed |
|
|
EIP
56
Ellis Investment Partners
Berwyn,
Pennsylvania
| – | -$4K | -1,023 | Closed |
|
|
SFS
57
Sowell Financial Services
North Little Rock,
Arkansas
| – | +$96 | +21 | New |
|
PIM Hedge Fund Activity: Q3 2019 in Review
54 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Franklin Master Intermediate Income Trust (PIM) for Q3 2019, worth a combined $53.6M — up 0.16% from $53.5M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new PIM positions and 4 closed out — a net gain of 4 holders — while 13 added to existing stakes and 11 trimmed.
The largest buyer was Sit Investment Associates, adding an estimated $3.88M. The largest seller was 1607 Capital Partners, exiting entirely with an estimated $5.46M sold.
- 54 institutional investors held Franklin Master Intermediate Income Trust (PIM) as of Q3 2019, up from 50 in Q2 2019.
- Funds reported $53.6M of Franklin Master Intermediate Income Trust stock for Q3 2019, up 0.16% quarter-over-quarter.
- 8 funds opened new Franklin Master Intermediate Income Trust positions in Q3 2019 and 4 closed out, a net change of +4 holders.
- The largest Franklin Master Intermediate Income Trust buyer in Q3 2019 was Sit Investment Associates, an estimated $3.88M added.
- The largest Franklin Master Intermediate Income Trust seller in Q3 2019 was 1607 Capital Partners, an estimated $5.46M sold.
Based on aggregated 13F filings for Q3 2019.